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Timber companies seem to be making woodchips of their share prices. Confidence in the sector was further rocked by the announcement that middleweight player Australian Plantation Timber (APL) was placed in administration on 30 July. CBA refused to roll over the company's primary debt facility. We reiterate that this is not a danger for our pick of the sector, Great Southern Plantations. This company has no net debt and enjoys a healthy cash balance. The removal of APL has created some short-term anxiety but could be good for the rest of the timber companies. As we said in...

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Hi - attached below is a response I received from the Liquidators of Great Southern.I noticed a query in the Q & A section of the II website so am forwarding this for information. You may care to pass it on for the benefit of other subscr...

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